Yatharth Hospital Approves Preferential Issue of Shares & Warrants

Yatharth Hospital & Trauma Care Services Limited's Board of Directors has approved a preferential issue of equity shares and warrants to Rasmalai Limited, a Cyprus-based entity. The total consideration for this private placement is up to INR 3,150.00 crore. This includes the issuance of up to 13,026,516 equity shares at INR 985.17 per share and up to 18,947,664 warrants at the same price, with 25% payable upfront. The company also approved an increase in its authorized share capital from INR 115 crore to INR 150 crore. This transaction, subject to shareholder and regulatory approvals, represents a minority investment of 24.87% on a fully diluted basis.